Hospitals Required to Make Charges Public
The Patient Protection and Affordable Care Act (PPACA) and the Health Care and Education Affordability Act (the Reconciliation Act) made many changes to healthcare that will affect hospitals. One little publicized requirement requires hospitals to make their charges public. This requirement is buried in a section of the law that deals primarily with insurance companies and bringing down the cost of health care coverage.
A paragraph in Section 2718 states:
“(e) STANDARD HOSPITAL CHARGES.—Each hospital operating within the United States shall for each year establish (and update) and make public (in accordance with guidelines developed by the Secretary) a list of the hospital‘s standard charges for items and services provided by the hospital, including for diagnosis-related groups established under section 1886(d)(4) of the Social Security Act.”
Specific guidelines on the implementation of this requirement have not been published and it is unclear as to the effective date of this section. MMP, Inc. will forward information concerning this requirement as it becomes available.